Question
Consider the following statement about Scheduled
Banks: I. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank. II. The Schedule consists of those banks which satisfy various parameters, criteria under clause 42 of this act. III. To qualify as a scheduled bank, the paid-up capital and collected funds of the bank must not be less than Rs. 1 lakh. Which of the above statement is/are not correct?Solution
By definition, any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank. The Schedule consists of those banks which satisfy various parameters, criteria under clause 42 of this act. To qualify as a scheduled bank, the paid-up capital and collected funds of the bank must not be less than Rs5 lakh.
With whom will NPCI International Payments Ltd tie up for cross border transactions?
Consider the following document and give the answer:
                     I.       Annual Financial Statement (AFS)...
Who became the first woman dog handler trained by the Assam Rifles?
__________ will become the first deputy managing director of the IMF, replacing Geoffrey Okamoto.
How many countries supported the UNGA resolution co-led by India to declare December 21 as World Meditation Day?
Nauru’s passport provides visa-free access to over how many countries and territories?
A commericial bank has to keep a fix % of depoits on weekly basis in RBI, it is known as?
Pandit Jasraj is related to which of the following Gharana?
On which date does the nation celebrate National Panchayati Raj Day, commemorating the institutionalization of Panchayati Raj?
Which state is yet to join the Ayushman Bharat Pradhan Mantri - Jan Arogya Yojana (AB PM-JAY)?
Relevant for Exams:
